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20 Sep 2017 01:02 AM EST


Could two major players in the cellphone game be joining forces?
U.S. wireless carrier T-Mobile US Inc is exploring taking over rival Sprint Corp in an all-stock deal, after SoftBank Group Corp offered to give up its majority ownership of Sprint. The latest negotiations come after Reuters reported earlier this year that Japan’s SoftBank was prepared to give up control of Sprint to clinch a merger with T-Mobile, and only retain a minority stake in the combined company.
Sprint and T-Mobile, which is controlled by Germany’s Deutsche Telekom AG, are still weeks away from an agreement, and have not settled on a share exchange ratio or even started performing due diligence on each other.

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20 September, 2017
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